So the Buy Here Pay Here Nashville TN dealers do not have to check for credit scores. They do not need the credit scores because they base their pre-approvals on customers’ incomes. So people with higher incomes can be approved for more expensive vehicles. This is done so that customers can afford to make the needed payments for the vehicles. Off course if the customers can provide higher down payments then they can be approved for more expensive vehicles as that would lower the number of monthly payments or the payment amounts needed in each payment. If the customers have little income and they get paid weekly, they might be required to make their payments weekly to ensure that they can make their payments in due time.

This all depends on the Buy Here Pay Here Nashville TN location. Keep in mind that not all dealers report the monthly payment activities of their customers. To report the payment activities, the dealerships need to invest money and time on needed software and employees working to ensure that it is done correctly. This is why smaller dealerships choose not to report while larger dealerships, or franchised dealerships, can afford to report the activities to the credit bureaus.

Every payment that is paid on time to the Buy here pay here Nashville TN dealerships and reported to the credit bureaus, can raise the credit score by as much as 15 points. However, if you pay late, you can run into problems such as even lower credit scores than you started out with. But if the payments are not reported to the credit bureaus then whether the payment are on time or not, no one will see this. But if you are interested in using your good payment history while the dealerships do not report them, you can keep a record of the payments made on your own and present them to other creditors as proof that you have improved even if it does not shoe on your credit reports. Keep in mind that there are three credit bureaus and sometimes the dealerships would say that they report to the credit bureaus but they might only report to two out of the three or even to only one of the three. Check with each Buy here pay here Nashville TN dealership directly.

Credit scores range from 300 to 850. They fluctuate based on your financial activities and are divided as follows:
35% to payment history,
30% to amount owed compared to loan limits,
15% to length of credit history,
10% to types of credit used, and
10% to new credit requests for any loan

Since the Buy here pay here Nashville TN dealers do not require any credit score, this information does not apply here much. However, we have included this to point out that 10% of the credit score is affected directly when lenders check your credit score. Each time they pull it to review it, your credit score goes down by about 5 points. So only let them do it if they already pre-approved you and you are serious about using their services. However, if you pull your own credit score to review, then your credit score is not affected.